Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Southwest Airlines Co shares valued at $132,386 were sold by Rutherford Linda B. on Dec 06 ’24. At $34.40 per share, Rutherford Linda B. sold 3,849 shares. The insider’s holdings dropped to 89,376 shares worth approximately $2.97 million following the completion of this transaction.
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Also, Rutherford Linda B. purchased 3,849 shares, netting a total of over 132,386 in proceeds.
Before that, Elliott Investment Management had sold 1,203,920 shares from its account. In a trade valued at $35,912,934, the 10% Owner traded Southwest Airlines Co shares for $29.83 each. Upon closing the transaction, the insider’s holdings decreased to 1,203,920 shares, worth approximately $1.99 billion.
Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in early December.
Analyzing LUV Stock Performance
During the last five days, there has been a drop of approximately -4.62%. Over the course of the year, Southwest Airlines Co shares have jumped approximately 15.06%. Shares of the company reached a 52-week high of $36.12 on 12/05/24 and a 52-week low of $23.58 on 08/05/24. A 50-day SMA is recorded $31.63, while a 200-day SMA reached $29.08. Nevertheless, trading volume fell to 5.28 million shares from 7.99 million shares the previous day.
Support And Resistance Levels for Southwest Airlines Co (LUV)
According to the 24-hour chart, there is a support level at 33.05, which, if violated, would cause prices to drop to 32.86. In the upper region, resistance lies at 33.59. The next price resistance is at 33.95. RSI (Relative Strength Index) is 55.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 65.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
